Digital 9 Infrastructure Refinances Revolving Credit Facility
Why we think this is neutral
The RNS announcement is a routine regulatory update about the refinancing of the company's Revolving Credit Facility. It does not indicate any material changes to the company's operations, earnings, or financial position. The refinancing appears to be a standard corporate action without significant impact on the business.
Key Points
- Digital 9 Infrastructure PLC has refinanced its Revolving Credit Facility
- The renewed RCF has a committed three-month term expiring 17 June 2025, with two further three-month extension period options
- The pricing for the initial tenor is at a margin of 425 basis points per annum over SONIA, plus £1.3 million in fees
Summary
Digital 9 Infrastructure PLC has refinanced the principal outstanding of £53.3 million on its existing Revolving Credit Facility (RCF). The renewed RCF has been made available for a committed three-month term expiring 17 June 2025, with two further three-month extension period options subject to lender agreement. The pricing for the initial tenor is at a margin of 425 basis points per annum over Sterling Overnight Index Average (SONIA) plus £1.3 million in fees.